News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 1.22% 🇨🇭CHF: 1.00% 🇳🇿NZD: 0.76% 🇨🇦CAD: 0.57% 🇦🇺AUD: 0.40% 🇯🇵JPY: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/cNW9pYcJja
  • Senator Wyden says the Senate Majority Leader's aid proposal is "disastrous" - BBG $SPX $DXY
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 6.08% Gold: 2.12% Oil - US Crude: -0.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/BONy6uctXc
  • My top three charts for most wanton volatility this past session in order: Moderna ($MRNA); Bitcoin ($BTCUSD) and $EURGBP (15min)
  • AUD/USD consolidates ahead of Australia’s Gross Domestic Product (GDP) report as the data is expected to confirm the first recession in nearly 30 years. Get your $AUDUSD market update from @DavidJSong here:https://t.co/JFPEGVAZDj https://t.co/0fTHbd6t3t
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.56%, while traders in EUR/USD are at opposite extremes with 76.59%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/MSlYB2cBJ4
  • #Sterling Outlook: $GBPUSD Breakout Targets 2019 / 2020 Yearly Highs - https://t.co/reEpFP3uuV https://t.co/4Lq11aWSut
  • US Equity Update (Tuesday Close): $DJI +0.63% $SPX +1.13% $NDX +1.52% $RUT +0.89% $VIX +1.46%
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.05% Wall Street: -0.00% US 500: -0.01% France 40: -0.08% Germany 30: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/THoGZiCXvk
  • Things are popping in the FX market. $EURUSD is working on its biggest rally since March - and third biggest since Jan 12, 2018 when you exclude pandemic volatility. Even more impressive on weekly/monthly charts https://t.co/b7UjY0rEaY
Trading Outlook: S&P 500, DXY, Gold/Silver, Crude Oil & More (Webinar)

Trading Outlook: S&P 500, DXY, Gold/Silver, Crude Oil & More (Webinar)

2017-01-13 13:36:00
Paul Robinson, Strategist
Share:

Below are Paul’s upcoming webinars for next week, each starting at 10 GMT:

Wednesday: London FX & CFD Trading

Thursday: Becoming a Better Trader

Friday: London FX & CFD Trading

To see a full line-up of upcoming live events, please see the Webinar Calendar.

The US Dollar Index (DXY) is attempting to hold key support in the 100.80/50 vicinity, which if it does will put pressure on the Euro which is trading around sizable resistance as well. GBP/USD is caught between intersecting support and resistance, needs to break free one way or another to gain momentum. On the cross-rate front, we’re no longer bearish EUR/AUD as it has come down and held support; EUR/NZD downside still in play, though.

Gold is currently testing the critical area around 1200, while silver has a ceiling in place just over 17. The confluence of DXY at support and precious metals squaring off against resistance is making for an interesting dynamic. A turn lower in gold below yesterday’s low at 1190 would be of interest from the short-side.

WTI Crude oil broke below and back above a key inflection zone on the daily charts, making things a little murky. The overall price action in recent weeks, though, is looking increasingly bearish. The market positioned heavily long adds to the case for shorts. Short-term chart presents bearish too.

Risk appetite for stocks, globally, is holding, and in the case of the FTSE 100, strong. The UK index is bolstered by a weak pound, making record highs in record fashion. It does have a confluence of top-side trend-lines, though, which could put a lid on the advance. The DAX and CAC 40 continue to consolidate within the context of an uptrend and viewed bullish until price action indicates otherwise. The S&P 500 is on the verge of a bullish pattern after yesterday’s rejection on a drop below the November trend-line. Watching for a confirmed breakout.

For full technical considerations, please see the video above.

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email by signing up here.

You can follow Paul on Twitter at @PaulRobinonFX.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES